Sponsored
Page 9/11

Hypo Group Alpe Adria

Dispute Over Hypo Group

Despite the relatively good results, the nationalized bank needs further capital injections. What is more, the capital shortfall at Hypo Group is highly controversial.

August 16, 2012

Demerger at Hypo Group Resolved

In order to become re-sold, the Austrian subsidiary of Hypo Group shifts risky assets to the holding company.

August 14, 2012

Hypo Alpe-Adria-Bank in the Red Again

Today, the nationalized bank announced its half yearly result for 2012. Net Results reached € 10m.

August 13, 2012

Hypo Alpe Adria Divests TLM-TVP in Croatia

The nationalized Austrian bank successfully has sold the aluminum hot-rolling mill TLM-TVP d.o.o. in Croatia to the Vienna-based Euris.

August 13, 2012

FMA Pushes for Bank Insolvency Law

The Austrian Financial Market Authority increases pressure on the government. Director Helmut Ettl says the Austria needs an insolvency law for banks as soon as possible.

August 7, 2012

Austria is Liable for Hypo Group´s Major Loan

At the sale of Hypo Group by BayernLB in late 2009, BayernLB granted a loan of € 2.64bn. The Austrian state has issued a guarantee for this loan.

July 27, 2012

Austrian Bank Aids: Losses Total € 3.4bn

The nationalized banks are a substantial risk factor for Austria´s budget. Losses may increase further.

July 23, 2012

Hypo Group: „As Little Bank Aids as Possible“

Hypo Group Alpe Adria´s CEO Gottwald is unhappy with reports that the state-owned bank may need further bank aids.

July 20, 2012

Fear of Capital Shortfall at Austrian Banks

The Austrian problem banks Hypo Group and KA Finanz may need further capital injections.

July 19, 2012

Takeover of Croatian Aluflex Failed

The Austrian Hypo Group Alpe Adria will not sell the Croatian aluminum group to the Swiss MTC (Montana Tech Components).

July 19, 2012

Fekter Does not Want to Bundle Austrian Problem Banks

As the public debt level would rise dramatically, Austria´s Finance Minister Maria Fekter rejects the idea of a common bad bank.

July 19, 2012

Further Increase in Austrian National Debt

Due to the European debt crisis, Austria´s public debt level will increase from 72.2% to 74.7% of the country´s GDP.

July 16, 2012

Consolidation in CESEE Banking Industry Ahead

The Austrian Central Bank (OeNB) expects a wave of takeovers in the banking industry in Central, Eastern and Southeastern Europe. Many banking groups will withdraw from there, OeNB says.

July 13, 2012

Big Exposure in Foreign Currency Loans

In Austria, domestic banks have outstanding foreign currency loans of € 51bn. In CESEE countries, the exposure comes at € 130bn.

July 10, 2012

Real Estate Crisis in the Balkans Has Deepened

Due to the economic crisis in Southeastern Europe, real estate prices are still falling. Since 2008, prices fell by up to 50%.

June 28, 2012

„ÖIAG Should Manage Banking Interests“

Austria´s Finance Minister Maria Fekter wants to upgrade the Austrian state holding ÖIAG.

June 23, 2012

Liebscher Calls for New Model of Bad Banks

The chairman of Austria´s Fimbag, the state holding of nationalized banks, wants to put aside toxic assets of nationalized banks.

June 18, 2012

Euris Interested in Croatian TLM-TVP

The Austrian aluminum trader Euris shows interest in the Croatian aluminum rolling mill. Austrian Hypo Group is the seller, the Swiss Montana Tech Components is still a potential buyer.

June 18, 2012

„Shotdown of Hypo Group Would Cost € 6.0bn“

The management of the nationalized Austrian Hypo Group Alpe Adria asserts that the shutdown would be more expensive than the continuation of the business.

June 15, 2012

Hypo Group: The Time is Pressing

Until the end of this year, the Austrian nationalized banks needs an equity quota of 12.0%. This will not be achieved without special measures.

June 11, 2012

Austrian Banks Perform Well in Eastern Europe

The Austrian banks did not overreach themselves in Eastern Europe, the economist Bernhard Felderer says. By contrast, UniCredit, RBI and Erste Group are highly profitable.

June 11, 2012

TLM Sale Process Stopped

Austria´s Hypo Group sells the Croatian aluminum company TLM. After the signing with the designated buyer, the Swiss Montana Group, the sale must be re-started.

June 8, 2012

Bad Bank for Hypo Group?

The nationalized Austrian bank Hypo Group Alpe Adria considers to create a bad bank in order to avoid further capital injections.

June 8, 2012

Androsch Criticizes Hypo Group Purchase

In 2009, the Austrian state nationalized the financially stricken Hypo Group. Much time was wasted, the industrialist and Fimbag board member Hannes Androsch thinks.

May 30, 2012

Hypo Group: Further State Aids not Excluded

Johannes Ditz, chairman of the nationalized Hypo Group Alpe Adria, wants to sell about a third of the interests until 2014. In the end, losses are likely.

May 30, 2012

Hypo Group May Need Further State Aid

The directors of the Austrian Financial Market Authority (FMA) did not exclude that the nationalized Hypo Group Alpe Adria has a substantial capital shortfall.

May 23, 2012

Downsizing: Hypo Group Aims to Achieve Proceeds of € 1.5bn

The nationalized Austrian banking group Hypo Group Alpe Adria starts its sales program in SEE countries and wants to achieve proceeds of € 1.5bn

May 21, 2012

Rothensteiner: Return to Drachma would be „Utter Chaos“

The CEO of the Austrian RZB (Raiffeisen Zentralbank) warns of a Greek exit. At the moment, there would be not contagiousness for Spain or Italy.

May 21, 2012

Hypo Group Prepares for Sale

The nationalized Austrian Hypo Group Alpe Adria sells its subsidiaries step by step. Before, the units should be spiced up.

May 4, 2012

Hypo Group Alpe Adria Splits Operations

The nationalised Austrian banking group Hypo Group Alpe Adria plans to shift assets from its Austrian bank unit to the group holding company.

April 26, 2012

OeNB: “Nationalizations Are Clean Up”

Austria’s central bank (OeNB) said that the nationalization of three of the nation’s lenders helped clean up the structure of the domestic banking industry.

April 17, 2012

„Bank Aids Are Lost“

The economist Franz Hahn (WIFO, Austrian Institute of Economic Research) argues that the nationalized banks are not interesting for potential buyers.

April 10, 2012

Steiermärkische Interested in Hypo Group´s Subdidiary

The head of Austrian regional bank Steiermärkische Sparkasse said he was interested in buying some Balkan assets from nationalized lender Hypo Group Alpe Adria, a newspaper reported.

April 3, 2012

Raiffeisen, 3-Banken Reject Comment on Hypo Interest

Raiffeisenlandesbank Carinthia and BKS aren’t interested in Hypo Alpe-Adria-Bank International AG’s Austrian subsidiary.

March 23, 2012

Hypo Alpe Adria Bank to be Sold this Year

The Austrian subsidiary of the nationalized Hypo Group Alpe Adria will be sold this year. “All potential risk factors are eliminated.” the supervisory board chairman says.

March 22, 2012

Banks have CEE-Subsidiaries „Under Control“

RBI´s CEO Herbert Stepic criticizes the skepticism against banking in Central and Eastern Europe. The economist Aiginger sees more advantages than risks for Austrian banks.

March 21, 2012

Hypo Group´s Austrian Subsidiary in the Profit Zone

Hypo Alpe Adria Bank AG, the Austrian subsidiary of Hypo Alpe-Adria-Bank International AG, today reports positive results from ordinary business activities (EBT) in 2011 of € 10.18m.

March 20, 2012

Hypo Group: Losses of € 165m

Hypo Group Alpe Adria, a nationalized Austrian lender, does not pay a dividend to the state. According to IFRS, Hypo Group could achieve profits of € 69.3m.

March 13, 2012

KA Finanz: Disaster Was Avoidable

The „bad bank“ of the nationalized bank Kommunalkredit considered selling Greek sovereign bonds in spring 2009. Last week, KA Finanz wrote off € 423m.

March 12, 2012

Nowotny: Capital Shortfall at Hypo Group „Substantially Less Than € 10bn”

The governor of the Austrian Central Bank (OeNB) repulses reports stating that the nationalized bank Hypo Group needs capital injections of € 10bn.

March 10, 2012

Hypo Group: Costs Could Increase up to € 10bn

The nationalized Hypo Group Alpe Adria may need massive capital injections by the Austrian state. The bank must downsize radically.

March 10, 2012

Cernko Criticizes VBAG Bail-Out

Willibald Cernko, CEO of Bank Austria considers that the Austrian state reacted too late. A partly nationalization could have taken place already one year before.

March 9, 2012

Fekter: Up to € 1.0bn for Kommunalkredit

In case of a default of Greek sovereign bonds, the Austrian state would have to grant € 1.0bn to the nationalized bank Kommunalkredit.

March 3, 2012

Banking Industry As „Cash Cow“?

For RZB´s CEO Rothensteiner, the increase in bank tax is “not fair”. The government plans to raise bank taxes by 25%.

February 29, 2012

Public Dispute Over Privatizations

The two government parties disagree to the sale of further publicly held companies. ÖVP pushes for privatizations, for SPÖ the idea is inacceptable.

February 29, 2012

„Banks are the Real Austrian Problem“

The Austrian opposition criticizes the rescue of VBAG by the government massively. Further bank aids are feared.

February 28, 2012

German Justice Puts Pressure on Former Hypo Group Executives

In order to get damage compensation, the German justice opens legal proceedings against the former CEO´s of Austrian Hypo Group, Tilo Berlin and Wolfgang Kulterer.

February 18, 2012

Kommunalkredit: More Costly than Hypo Group

The Austrian state had to made expenses of € 4.65bn for the nationalized Kommunalkredit. In total, the bank package´s volume reaches € 11bn.

February 9, 2012

Montana Tech Components Acquires Croatian Aluminum Companies

The Austrian financial investor MTC takes over the two largest aluminum companies in Croatia. Turnover of the acquisition targets amount to € 240m.

February 6, 2012

Hypo Group to Cut Jobs

The Austrian Hypo Group Alpe Adria continues its downsizing program. 800 employees will be laid-off.

February 1, 2012